Lubricant Viscosity Index Improvers Market Share Driven by Advanced Engine Efficiency Standards and High-Performance Lubricant Demand | Valuates Reports

Lubricant Viscosity Index Improvers Market Size
In 2024, the global market size of Lubricant Viscosity Index Improvers was estimated to be worth US$ 2985 million and is forecast to reach approximately US$ 3890 million by 2031 with a CAGR of 3.9% during the forecast period 2025-2031.

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The Lubricant Viscosity Index Improvers Market is witnessing steady market growth as automotive, industrial, and heavy-duty equipment sectors demand lubricants capable of maintaining stable viscosity across wide temperature ranges. Tightening fuel efficiency regulations, emission control standards, and the shift toward high-performance engine oils are expanding overall market size. Viscosity index improvers play a critical role in enhancing lubricant thermal stability, reducing friction losses, and supporting extended drain intervals. Key market trends include the development of shear-stable polymer technologies, compatibility with synthetic base oils, and formulations designed for low-viscosity, fuel-efficient lubricants, reinforcing a positive market forecast.

By type, Olefin Copolymers (OCP) based improvers hold the largest market share due to their strong balance of cost efficiency, thermal stability, and wide application across automotive lubricants. These additives are commonly used in multi-grade engine oils and heavy-duty lubricants. Polymethacrylate (PMA) based viscosity index improvers are experiencing significant market growth, driven by their superior low-temperature performance and suitability for premium synthetic lubricants. Other specialized polymer technologies contribute to market size by addressing niche requirements such as extreme-pressure applications and specialty industrial formulations.

In terms of application, engine oils account for the dominant market share, reflecting the high volume of passenger vehicles, commercial vehicles, and industrial engines globally. Increasing adoption of fuel-efficient and low-viscosity engine oils is strengthening demand in this segment. Transmission fluids and hydraulic fluids represent important contributors to overall market size, particularly in industrial machinery and automotive driveline systems. Gear oils are also showing steady market growth as equipment durability and operational efficiency remain central to industrial and transportation sectors.

Leading companies shaping the Lubricant Viscosity Index Improvers Market include Lubrizol, Chevron Oronite, Infineum, Afton Chemical, BASF, Evonik, Sanyo Chemical, BRB International, and key regional manufacturers such as Shenyang Great Wall Lubricant, Jinzhou Kangtai Lubricant Additives, Goncord Oil (Yingkou), and Tianjin J&D Technology. These companies command significant market share through advanced polymer research, integrated additive package development, and long-standing partnerships with global lubricant formulators. Competitive strategies emphasize enhanced shear stability, improved oxidation resistance, and innovation tailored to evolving engine technology requirements.

Regionally, Asia-Pacific holds the largest market share, driven by strong automotive production, industrial expansion, and rising lubricant consumption in China, Japan, South Korea, and India. North America and Europe maintain substantial market size supported by advanced engine technologies and stringent emission regulations in the United States, Germany, the UK, and other industrialized economies. The Middle East & Africa and Latin America present emerging opportunities as vehicle fleets expand and industrialization progresses. The overall market forecast remains positive, fueled by ongoing advancements in engine design, increasing adoption of synthetic lubricants, and regulatory pressures promoting higher fuel efficiency, all of which are expected to sustain long-term market growth globally.

Segment by Type

• Olefin Copolymers (OCP) Based
• Polymethacrylate(PMA) Based
• Other

Segment by Application

• Engine Oils
• Transmission Fluids
• Hydraulic Fluids
• Gear Oils
• Other

By Company

Lubrizol, Chevron Oronite, Infineum, Afton Chemical, BASF, Evonik, Sanyo Chemical, BRB International, Shenyang Great Wall Lubricant, Jinzhou Kangtai Lubricant Additives, Goncord Oil (Yingkou), Tianjin J&D Technology

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